In Detail Issue No

Total Page:16

File Type:pdf, Size:1020Kb

In Detail Issue No WÄRTSILÄ TECHNICAL JOURNAL f o u r7. 01 Twenty 2020 COVER STORY MODELLING 14 The way to incorporate page renewables into the grid ENERGY 4 Carbon-neutral paradise Machine learning and energy storage are driving renewable generation on islands ENERGY 22 Blowing in the wind Wind power has a key role to play in pushing Europe towards carbon neutrality MARINE 38 Offshore goes onshore New power generation concept needs less on-site maintenance FUTURE 48 Cybersecurity at sea A holistic approach to data storage is revolutionising the industry in detail issue no. 01.2020 WÄRTSILÄ TECHNICAL JOURNAL | WWW.WARTSILA.COM Contents EMBRACING THE POSSIBILITIES OF A CHANGING WORLD ENERGY Sun, sea, and software: Islands are at the forefront We are living through unprecedented times, to say the least . The first of a renewable energy revolution . 4 months of 2020 have upended how we experience the world, the way Fulfilling Africa’s potential for economic we do business, and our vision of the future . This moment, as we plan growth depends on reliable energy . 6 a new path forward, offers us an opportunity to examine the old ways Making power plants better neighbours of doing things and assess how we might change them for the better . through collaboration and technology . 12 As economies around the world ramp up following shutdowns How advanced modelling is transforming imposed due to the novel coronavirus, we have a chance to look at the way we power our industries, and make choices for the coming Ukraine’s post-Soviet power sector . 14 decades that are affordable, reliable, and sustainable . The power of Advanced System Modelling . 18 Africa offers several examples of how taking a chance on Microgrids use renewables to offer efficient, something new offers the opportunity to unlock previously effective solutions to power challenges . 20 unharnessed potential . With a growing, dynamic population, the Wind power has an important role to play as continent has enormous possibilities for economic growth, but Europe pushes for carbon-neutrality . 22 is being held back by a lack of reliable electricity . These energy Biomethane: The next natural gas? . 24 shortages have ramifications for every aspect of social and economic development . Apart from reducing the quality of life, they limit the MARINE continent’s attractiveness for doing business . In some parts of Africa, A new digital solution for revolutionising investors who want to build a new factory, for example, have to port operations arrives just in time . 26 provide all their own infrastructure – from the facility, to the electricity Propelling the maritime industry forward, to power it, to the transport system to get the products to market . But Africa’s lack of infrastructure is also an opportunity . one device at a time . 30 Unhindered by outdated technology and outmoded thinking, African Electric propulsion is key to a zero-emissions countries can leapfrog over outdated fossil fuel installations and go future in cruise . 32 directly to renewables, making choices that are both environmentally POWERING AFRICA How a digitalisation deal could revolutionise friendly and economically competitive . the maritime industry . 36 Deciding to take a chance on a new way of doing things always The continent’s economic future depends on reliable energy. Wärtsilä Power solution for normally requires managing uncertainty, but energy modelling can add some Can renewables lead the way? unattended offshore installations takes clarity . Modelling provides actual data that decisionmakers can use offshore operations onshore . 38 to make informed choices about where to invest to make the most World’s largest semi-submersible crane of renewables . Modelling is playing an important role in building an vessel gets a boost from Wärtsilä . 42 argument for sustainable energy generation in places as disparate as To achieve a sustainable maritime future, post-Soviet Ukraine and the Azores island of Graciosa . we must act now . 46 Making the most of this opportunity to write a new future also requires finding new uses for resources we already have available . FUTURE Biomass is one such resource . Biomethane, a synthetic gas produced from excess biowaste, could be the fuel source the world has been Cybersecurity looks to the cloud waiting for . It can be used with the same infrastructure as natural to protect data at sea . 48 gas and significantly reduces greenhouse gas emissions . While at the moment it is challenging to produce at scale and transport, The gas of Getting to port Maritime’s digital it represents one example of how we can find different uses for READ OUR LATEST STORIES ONLINE AT available assets . the future? just in time revolution Web WARTSILA.COM/TWENTYFOUR7 Change is difficult, but it offers opportunities as well as challenges . Biomethane might be the A new solution for improving A groundbreaking deal As we work to discover the post-coronavirus catalyst that drives a 100% ship-to-shore communication between Wärtsilä and Anglo- Publisher: Wärtsilä Corporation, Hiililaiturinkuja 2, economy, it’s important to look to these renewable energy future, but makes shipping more efficient Eastern could dramatically FIN-00180 Helsinki, Finland | possibilities . Editor-in-Chief: Mikael Wideskog | bringing it into wider use is not and decreases emissions. increase digitalisation in Managing editor and editorial office: Virva Äimälä | without its challenges. shipping. Editorial team: Marit Holmlund-Sund, Mari Kankaanranta, Sari Mikael Wideskog Luhanka, Pia Posio, Laura Quinton, Mirja-Maija Santala, Mikaela Terhi | Layout and production: Spoon | General Manager, Printed: May 2020 by PunaMusta, Joensuu, Finland Technology Strategy & Innovation Process ISSN 1797-0032 | Copyright © 2020 Wärtsilä Corporation | Wärtsilä Paper: cover LumiSilk 250g/m², inside pages UPM Fine 120 g/m² Editor-in-Chief of In Detail MORE ON PAGE 24 MORE ON PAGE 26 MORE ON PAGE 36 E-mail and feedback: [email protected] Cover photo: 123RF in detail 3 [ ENERGY / IN DETAIL ] WÄRTSILÄ TECHNICAL JOURNAL 01.2020 ] DETAIL IN / ENERGY [ Machine learning makes reliable wind and solar energy possible for the entire island of Graciosa. Photo: HowardScott had been relying on a diesel-generated heavily involved in making sure we feed disruption wind and solar power represent power plant for decades. The aim was good info to the computers,” he says. for a slow-moving industry. to achieve 65% renewable energy for the While in the future AI will have an “Non-renewable energy has been stable entire population with 100% renewable important role to play in operational and dependable. It has existed for good power capability depending on real-time planning, true “self-learning” isn’t yet a reason,” says Paldanius. “But we have to availability. According to Luke Witmer, feature of energy generation, says Witmer. admit that in the new world of renewables, it General Manager, Data Science, Wärtsilä However, in the case of Graciosa, almost feels like a dinosaur.” Energy Business, things are on track to meet which has a battery big enough to power The industry needs to get used to the this goal. the whole island for just under an hour, idea of being more agile, he says. A nuclear While the most visible step might be machine learning makes reliable wind and power or gas plant used to stay viable for the construction of functional wind farms solar energy possible for the whole island. up to 50 or 60 years, now we’re talking and solar collection, behind the scenes it is On Bonaire, which has a notably larger about plants that can be built in six months, Photo: 123RF energy management software that’s making population, it’s a matter of scaling up the operate for a decade, and then be replaced renewable energy security a present reality. optimisation and statistical forecasting. with newer technology. It’s a game-changer “Wind and solar are potentially excellent Meanwhile, E.ON’s Texas Waves facility is for investors, but this smart investment will renewable energy sources, but they’re working on the storage side of the equation. have huge pay-offs for those who get it right also volatile and unpredictable,” explains These energy storage systems not only – not to mention for the planet. Sun, sea, and software: Islands are at the Witmer. “You have to have ways of keeping store an increasing amount of energy from the electrical grid sound if you’re to let those wind and solar, but they also monitor the No looking back energies into it.” electrical quality of grid conditions, very Towards the end of the commissioning and forefront of a renewable energy revolution Endlessly switching between collecting, quickly responding and balancing supply the beginning of the endurance testing, storing, and doling out power as the needs and demand shortages with bursts of power Witmer’s team realised that they were a of the grid fluctuate, energy input rises and in both directions. button click away from delivering 100% AUTHOR: Sarah Hudson falls, and battery capacity drains or maxes As complex systems are augmented with renewable energy to Graciosa’s entire out is a delicate dance. It relies on hard logic, AI, it has become clear that machines are population for the first time. forecasting, and statistics. With the right now able to process information with a level “We thought: OK, no looking back,” human guidance, machines excel at it. of intelligence that allows them to capably recalls Witmer. They clicked the button. operate autonomously in ways that humans For the first time in decades the diesel Machine-learning software and advances excellent testing grounds thanks to their the smart energy equation: optimisation and Does AI play a part? cannot. That said, sucessful operation is power plant fell silent. The wind blew… in energy storage are changing the high fuel costs but abundant wind and solar storage. Combined with the expansion of AI Witmer explains that while there’s been more about augmenting the human operator and the lights stayed on.
Recommended publications
  • Times Are Good for KONE, Neste Oil and Wärtsilä
    Nov 01, 2013 10:39 UTC Times Are Good for KONE, Neste Oil and Wärtsilä M-Index, M-Brain’s quarterly look into the media coverage of 15 large Finnish stock-listed companies revealed that in July-September, KONE, Neste Oil and Wärtsilä were the companies most often at the receiving end of positive publicity. Nokia reached a larger audience than the combined audience of all the other companies surveyed. Positive media coverage – three companies stand out Slightly more than half of KONE’s publicity in the surveyed web publications of Helsingin Sanomat, Kauppalehti and Taloussanomat was positive by tone, an excellent result and a further improvement to the company’s early-year performance. Examples of favourable coverage included positive profit warning and improved stock exchange performance that followed, Forbes placing KONE as an even more innovative company than Google, and reports of large orders that the company won in China. For Neste Oil, almost four tenths of publicity was positive. The company continued its good performance, improving from the last quarter’s one fourth share of positive attention. Most of the favourable coverage was connected with financials. Media reported of Neste Oil’s profit warning and the role of renewables in the improved Q2 result. Wärtsilä was the third company to stand out in terms of the share of favourable publicity. Comparisons to earlier M-Index analyses show that the company has considerably improved its performance in the surveyed media, compared to the last year. More than a third of Wärtsilä’s publicity in Q3 was positive by tone.
    [Show full text]
  • Corporate Governance Statement
    KESKO ANNUAL REPORT CORPORATE GOVERNANCE STATEMENT Introduction 3 Other information to be provided in the CG statement 18 CORPORATE Descriptions concerning Corporate Governance 4 Internal audit 18 GOVERNANCE Kesko Group’s corporate governance system 4 Related party transactions 18 Board of Directors 5 Main procedures relating to insider administration 19 STATEMENT Managing Director (President and CEO) and his duties 12 Auditing 19 Group Management Board 12 Descriptions of internal control procedures and the main features of risk management systems 13 The Group’s financial reporting 13 Internal control 15 Risk management 16 KESKO'S YEAR 2019 2 Introduction This Corporate Governance Statement has been CORPORATE GOVERNANCE CODES KESKO COMPLIES WITH AND DEPARTURES FROM THEM reviewed at the meeting of the Audit Committee of Kesko Corporate Governance Code The Corporate Governance Code effective as of 1 January 2020 Corporation’s Board of Directors on 3 February 2020. the Company complies with (“Corporate Governance Code”) This is the Corporate Governance Statement in accordance Website where the Corporate cgfinland.fi/en/corporate-governance-code/ Governance Code is publicly available with the Finnish Corporate Governance Code issued by the Securities Market Association and effective as of 1 January Corporate Governance Code Recommendation 6 (Term of Office of the Board of Directors) 2020. Kesko Corporation issues the statement separately recommendations from which the Recommendation 10 (Independence of Directors) company departs from the Report by the Board of Directors. This statement and the other information to be disclosed in accordance Explanation of and grounds for The term of office of Kesko's Board of Directors departs from the one-year term pursuant to with the Corporate Governance Code, and the Company’s the departure Recommendation 6 (Term of Office of the Board of Directors) of the Corporate Governance • grounds for the departure Code.
    [Show full text]
  • Annual Report 2001 Information for Shareholders
    Annual Report 2001 Information for Shareholders ANNUAL GENERAL MEETING Letters authorizing a proxy to exer- INTERIM REPORTS 2002 The Annual General Meeting of cise a shareholder’s voting right at Wärtsilä Corporation will publish Wärtsilä Corporation will take place the AGM should be sent to the Interim Reports on its financial in the Congress Wing of the Helsinki Company before the notification performance during 2002 as follows: Fair Centre on Tuesday 12 March period expires. 2002, beginning at 4 p.m. January-March: 3 May 2002 Shareholders who have registered PAYMENT OF DIVIDEND January-June: 1 August 2002 themselves no later than 1 March The Board of Directors will propose January-September: 30 October 2002 in the Company’s shareholder to the Annual General Meeting that 2002. register maintained by the Finnish a normal dividend of EUR 0.50 and Central Securities Depository Ltd an extra dividend of EUR 3.50 or These Interim Reports are published may attend the AGM. altogether EUR 4.00 per share to be in English, Finnish and Swedish Shareholders whose shares have paid on the 2001 financial period. on Wärtsilä’s Internet site. Interim not been transferred to the book- The record date for dividend Reports will be sent by post on entry securities system may also payment is 15 March 2002, and the request. Interim Report orders: attend the AGM on condition that dividend payment date is 22 March tel. +358 10 709 0000 or such shareholders were registered in 2002, should the Board’s proposal be Internet: www.wartsila.com the Company’s shareholder register approved.
    [Show full text]
  • UPM the Biofore Company
    UPM The Biofore Company Investor Presentation December 2018 Competitive businesses with strong market positions UPM UPM UPM UPM UPM UPM BIOCHEMICALS BIOREFINING ENERGY RAFLATAC SPECIALTY COMMUNICA- PLYWOOD BIOCOMPOSITES PAPERS TION PAPERS Pulp Electricity Label Label papers, Magazine Plywood WOOD SOURCING Biofuels generation materials for release liners, papers, and veneer AND FORESTRY Timber and trading product and office papers newsprint and products information and flexible fine papers labelling packaging 2 | © UPM – The Biofore Company Global businesses – local presence UPM’s sales by market 2017 EUR 10,010 million 12,000 customers in 120 countries 54 62% production plants 13% Europe 20% in 12 countries 90,000 North America Asia shareholders in 35 countries 19,100 25,000 employees b-to-b suppliers 5% in 46 countries in 75 countries Rest of the world 3 | © UPM – The Biofore Company Operating on healthily growing markets UPM PLYWOOD Comparable EBIT by Plywood, veneer ~3% business area 2017 EUR 1,292m UPM COMMUNICATION PAPERS Graphic papers ~ –4% UPM BIOREFINING Pulp ~3% Biofuels strong UPM SPECIALTY PAPERS Timber ~2% Label papers ~4% High-end office papers ~4% UPM RAFLATAC Self-adhesive labels ~4% UPM ENERGY Demand trend growth, % pa 4 | © UPM – The Biofore Company Electricity ~1% Sustainable and safe products ELECTRICITY for everyday use everywhere PULP-BASED MATERIALS for packaging, transport, LABEL MATERIALS storage and hygiene products for food packaging, drinks bottles and for communicating PUBLICATION information PAPERS for reading
    [Show full text]
  • Capital Markets Day 2014
    UPM PAPER ENA DRIVING FOR CASH Executive Vice President Bernd Eikens UPM Paper ENA UPM Paper Europe and North America Paper products for magazine and newspaper publishers, advertising end uses as well as home and office Large low-cost asset base and global sales network UPM Paper ENA 2013 (EURm) Sales 5,560 EBITDA 232 EBITDA, % 4% ROCE, % 0% Cash flow/CE 5% 2 | © UPM UPM Paper ENA Large low-cost operating platform Mills SC centers Augsburg North America Europe Personnel 11,000 Capacity 10Mt 18 mills / 37 PMs Location: Augsburg, Germany 3 | © UPM UPM Paper ENA The way forward • Customer segment based structure • Leaner organization and fast decisions • Operational focus, flexibility in operations • Variable and fixed cost savings continue • Limited investments • Capacity restructuring 850,000 tonnes • Fixed cost savings EUR 100m • Variable cost savings • Integration of Myllykoski realized annual cost synergies of EUR 200m • Capacity restructuring of 1,020,000 tonnes • Divestment of packaging paper operations 4 | © UPM UPM Paper ENA Customer segment based structure with differentiated strategies Common initiatives • Variable and fixed cost saving programs • New business developments Magazine Publishing & Newspaper Merchants, Advertising Publishing Home & Office • UPM capacity share in • UPM capacity share in • UPM capacity share in Europe: 25 – 45% Europe: ~20% Europe: ~10% • Assume industry • Grow in targeted • Customer/market leadership segments optimization to be • Differentiated go-to- continued market strategy within • Reduce value
    [Show full text]
  • Economic Commission for Europe
    1 ECONOMIC COMMISSION FOR EUROPE Timber Committee October 2020 FINLAND MARKET STATEMENT 1 GENERAL ECONOMIC TRENDS In 2019, the Finnish economy grew by 1.1 percent year-over-year. At the end of the year, however, Finland's economic growth turned negative. In the first quarter of this year, the economy contracted further by 1.9 percent and in the second quarter by 4.5 percent from previous quarters. Compared to quarters a year ago, the corresponding percentages were -1.3 and -6.4, respectively. Technically, this means that Finland has been in recession throughout the first half of 2020. The corona-related restrictions on assembly and movement imposed in the spring affected particularly the service and transport sectors in Finland. Although the rapid rise in unemployment could be avoided through part-time work, lay-offs and other arrangements, the general increase in uncertainty and restrictive measures quickly dampened private consumption. The first wave of the pandemic in Finland was curbed fairly quickly, and the lifting of restrictions at the beginning of June quickly revived consumption and economic activity. However, significant growth in private consumption will be limited by rising unemployment towards the end of this year. In Finland, construction contracted even before corona, but the pandemic even had a stimulating effect on housing renovation, as the renovation of detached houses and summer cottages increased during the spring and summer due to remote work and mobility restrictions. Investments in machinery and equipment, on the other hand, will shrink this year as a result of uncertainty and weakening new orders. With the stimulus packages, public consumption will increase.
    [Show full text]
  • Sustainable Valueco2 Creation by Pulp & Paper Companies
    Sustainable ValueCO2 Creation by Pulp & Paper Companies www.SustainableValue.com Authors Ralf Barkemeyer, Frank Figge, Tobias Hahn, Andrea Liesen and Frank Müller This present survey was funded by the Swedish MISTRA foundation under the umbrella of the research projeĐƚ ͞^ƵƐƚĂŝŶĂďůĞ /ŶǀĞƐƚŵĞŶƚ ZĞƐĞĂƌĐŚ WůĂƚĨŽƌŵ͟ ;^/ZWͿ͕ ƐƵďƉƌŽũĞĐƚ ͞sĂůƵĞ-based ĞŶǀŝƌŽŶŵĞŶƚĂůƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĂůLJƐŝƐŽĨEŽƌĚŝĐĐŽŵƉĂŶŝĞƐ͟. The study was authored by resear- chers of the following institutions: University of Leeds Euromed Management IZT ʹ Institute for Futures Marseille Studies and Technology Sustainability Research Assessment Institute, School of Earth & Domaine de Luminy - Environment BP 921 Schopenhauerstr. 26 13 288 Marseille cedex 9 14129 Berlin Leeds, LS2 9JT France Germany United Kingdom Contact: [email protected] We suggest to cite this report as follows: Barkemeyer, R.; Figge, F.; Hahn, T.; Liesen, A.; & Müller, F. (2011). Sustainable ValueCO2 Creation by Pulp & Paper Companies. Sustainable Value Research: Leeds, Marseille and Berlin. © Leeds, Marseille and Berlin 2011. All rights reserved. Dissemination of this document is free as long as full reference to the authors is made. Title art work: aboutpixel.de / Lesestoff © Rainer Sturm Sustainable ValueCO2 Creation by Pulp & Paper Companies Table of Contents Table of Contents Table of Contents.............................................................................................................. 1 List of Figures and Tables .................................................................................................
    [Show full text]
  • Warranttien Pörssitiedote 31.8.2006
    Nordea Bank ABP laskee liikkeeseen 143 uutta warranttisarjaa 5.12.2018 (sarjat 2018: C10 FI ja 2018: P10 FI) Nordea Bank ABP laskee warranttiohjelmansa puitteissa liikkeeseen 143 uutta warranttisarjaa 5.12.2018. Warranttien kohde-etuutena on Nokian Renkaat Oyj, Sampo Oyj, Stora Enso Oyj, UPM-Kymmene Oyj, Kone Oyj, Metso Oyj, Nokia Oyj, Neste Oyj, Fortum Oyj ja Wärtsilä Oyj. Warrantit ovat osto- tai myyntiwarrantteja. Warranttien lunastustapa on käteissuoritus. Warrantin erääntyessä haltijalle tilitetään mahdollinen positiivinen nettoarvo käteisenä. Warranttikohtaiset ehdot Kaikki warrantit lasketaan liikkeeseen osana Nordea Bank AB (publ):n warranttiohjelmaa, joka muodostuu 14.6.2018 julkaistusta ohjelmaesitteestä ja mahdollisista täydentävistä ohjelmaesitteistä. Warranttiohjelmaa koskevat ohjelmaesitteet ja kaikkiin liikkeeseenlaskettaviin warrantteihin sovellettavat lopulliset ehdot ovat saatavilla liikkeeseenlaskijan kotisivuilta: http://www.nordea.fi/warrantit/. Tässä esitettävät tiedot ovat ainoastaan tiivistelmä lopullisissa ehdoissa ja ohjelmaesitteessä esitetyistä tiedoista. Liikkeeseenlaskija Nordea Bank ABP Sijoitusinstrumentti Warrantti (osto ja myynti) Warranttien kohde- Nokian Renkaat Oyj, Sampo Oyj, Stora Enso Oyj, UPM-Kymmene etuus Oyj, Kone Oyj, Metso Oyj, Nokia Oyj, Neste Oyj, Fortum Oyj ja Wärtsilä Oyj. Käteissuorituksen Ostowarrantti: määrä (Loppukurssi – Lunastushinta) x Kerroin Jos Loppukurssi on alhaisempi tai sama kuin Lunastushinta, käteissuoritusta ei makseta. Myyntiwarrantti: (Lunastushinta – Loppukurssi) x Kerroin
    [Show full text]
  • Upm-Kymmene Oyj ______
    New DR Program Announcement UPM-KYMMENE OYJ __________________________________________________________________________________ December 03, 2019 J.P. Morgan announces its appointment as depositary bank for the UPM-KYMMENE OYJ DR program. DR effective date:December 03, 2019 Country of incorporation:Finland Industry:Paper & Forest Products Depositary:JPMorgan Chase Bank, N.A DR Sponsorship Multi Unsponsored DR Type ADR DR Level Level I CUSIP 915436208 Ticker UPMMY Exchange Over-the-Counter Ratio 1 ADR : 1 Ordinary Shares US ISIN US9154362084 Underlying ISIN FI0009005987 Custodian Nordea Bank Finland PLC, Helsinki Issuer Description: For further information, please contact: JPMorgan Service Center ADR Settlements 800-990-1135 302-552-0230 For more information on J.P. Morgan’s Depositary Receipt services, go to www.jpmorgan.com/visit/adr. For market information on Depositary Receipts and international equities, go to J.P. Morgan’s Web site www.adr.com. Disclosures J.P. Morgan collects fees from holders of depositary receipts. JPMorgan may (i) reimburse the issuer for certain expenses incurred by the issuer in connection with the depositary receipts program or (ii) share with the issuer revenue derived by JPMorgan from the program. JPMorgan may use brokers, dealers or other service providers that are affiliates or other divisions of JPMorgan and may earn or share fees and commissions. From time to time, J.P. Morgan may pay a rebate to brokers in connection with the deposit of shares for the issuance of unsponsored depositary receipts. J.P. Morgan disclaims all liability arising out of, or relating to, such rebates. In particular, J.P. Morgan disclaims all responsibility regarding whether such broker passes all or a portion of such rebate to beneficial holders of such depositary receipts.
    [Show full text]
  • Upm Biorefinery
    Fuels of the future - from wood-based raw materials IEA Bioenergy Conference 13-15.11.2012 UPM Biofuels Sari Mannonen, [email protected] UPM today – The Biofore Company UPM leads the integration of bio and forest industries into a new, sustainable and innovation-driven future • 24,000 employees • Sales exceed 10 billion euros in 2011 - Production in 16 countries, world-wide sales network - Listed in the NASDAQ OMX Helsinki stock exchange Energy and pulp Paper Engineered materials 4,200 employees 14,000 employees 5,200 employees Business areas Paper grades Business areas • Energy • Magazine papers • Label • Pulp including • Fine papers • Plywood Plantation operations • Newsprint • UPM ProFi composite • Biofuels • Selected speciality • Timber papers • Forestry and Wood sourcing 2 | © UPM Megatrends and regulations as the basis for the biofuels market Megatrends... ...drive public policy... ... and Biofuels market Energy security EU-27 biodiesel demand • Political, Current regulation favourable geographical • Blending mandates and targets (Mtons) and price risks (EU: Renewable energy and 50 fuel quality directives. US: Climate change Renewable fuel standard) 40 +7% • Financial subsidies, mainly tax advantages 30 • EU as 22 forerunner Major short-term regulation 20 changes unlikely 11 Rural development • Biofuels needed to fight the 10 15 megatrends • Employment • Stable regulatory environment 0 in rural areas required to drive investments 2010 2015 2020 • Land use UPM's plan 0.13 0.7 Long-term, biofuels are likely to (Mtons) Energy prices
    [Show full text]
  • UPM Korkeakoski Sawmill Can Be Sold Either As PEFC™ Or FSC® Certified
    UPM Timber in brief UPM Timber is a significant Nordic sawn timber producer. INSTRUCTIONS for visitors Our four sawmills in Finland have annual capacity of 1.5 M cubic meters of redwood and whitewood sawn timber. UPM Timber employs around 410 people and is headquarter in At the site, stay with your host Tampere. WELCOME TO UPM Korkeakoski In our standard and special sawn timber products we use Use protective equipment provided to you certified raw material and latest sawmilling techniques to sawmill produce high quality sawn timber that fulfills customer In an emergency situations follow orders requirements. Our main customer industries are joinery, given by your host packaging, distribution and construction. www.upmtimber.com Permission is needed for photographing Smoking is not allowed Certificates Camera surveillance on the site EN 14081 PEFC/02-34-05 Promoting Sustainable Forest Management www.pefc.org All sawn timber produced by UPM Korkeakoski sawmill can be sold either as PEFC™ or FSC® certified. Korkeakoski mill area UPM Korkeakoski sawmill UPM Koskeakoski sawmill is located in Central Finland Sahantie 10, PO Box 25 wood purchasing area together with UPM Jokilaakso FIN-35501 Korkeakoski, Finland papermills and Jyväskylä plywood mill. The mill site covers in Tel. +358 20 414 149 E-mail: [email protected] total about 33 hectares. Korkeakoski sawmill is in the middle of high quality pine forests in Juupajoki. www.upmtimber.com 07/2016 UPM – The Biofore Company UPM Korkeakoski sawmill Through the renewing of the bio and forest industries, Korkeakoski sawmill produces redwood sawn timber from UPM is building a sustainable future across six business certified Nordic pine.
    [Show full text]
  • Corporate Governance Statement 2019
    CORPORATE GOVERNANCE STATEMENT 2019 UPM-KYMMENE CORPORATION CORPORATE GOVERNANCE STATEMENT 2019 UPM-Kymmene Corporation (UPM or the company) follows the Finnish Corporate Governance Code (CG Code) issued by the Securities Market Association which entered into force on 1 January 2020. The CG Code is publicly available on the Securities Market Association’s website at www.cgfinland.fi. UPM complies with all recommendations of the CG Code. UPM’s Corporate Governance Statement (CG UPM uses a one-tier governance model, which, Statement) for the financial year 2019 has been in addition to the general meeting of shareholders, prepared in accordance with the CG Code’s corporate comprises the Board of Directors and the President governance reporting section. UPM presents the and CEO as presented in the illustration below. In the CG Statement as a separate report, distinct from the operative management of the company, the President Report of the Board of Directors. The CG Statement and CEO is assisted by the Group Executive Team, is available on the corporate website’s Investors the Business Area Boards and the Strategy Team. section under Governance (upm.com/governance). The Group Executive Team assists the President The Report of the Board of Directors is presented and CEO in respect of approving and executing group- on pages 120–143 of UPM’s Annual Report 2019, level guidelines and procedures. which is also available on the corporate website. The Business Area Boards assist the President and CEO as regards business-area level decision making UPM’s governance structure in matters pertaining to each business area’s strategy, budget, business performance, operative investments, UPM is a Finnish limited liability company with commercial strategies, business development plans, headquarters in Helsinki, Finland.
    [Show full text]